Trade boost sparks weanling price rise
Published 07/09/2010 | 05:00
Weanling prices have bounced back over the past week as stronger competition between shippers and farmers has pushed on prices.
Although the prices paid by shippers for top-quality stock had eased over the past month, mart managers said increased farmer buying was helping to put more life in the trade.
Ennis Mart manager Martin McNamara said the price differential across the various grades of stock had widened this year, as finishers and shippers battled for better-quality lots.
"More farmers are opting for quality this year because of the grid, keeping the pressure on shippers," Mr McNamara said.
He said farmers were paying 300-330kg for bulls -- up to 750/hd.
Five of the leading shippers were represented in Carrigallen Mart, Co Leitrim, on Saturday.
The vast bulk of the weanling bulls on offer sold for €280-400 over the €1/kg but some fancy prices were paid for top-quality stock.
Exporters were hunting the best of the continental bulls and this was reflected in the sales sheets. One 500kg Belgian Blue bull sold for €1,120, while a 415kg animal made €1,270.